Home » Economy » Kingtoy Returns to Founders: Family Regains Control in OBO with Three Funds

Kingtoy Returns to Founders: Family Regains Control in OBO with Three Funds

by Alexandra Hartman Editor-in-Chief

2024-01-26 17:20:55

Kingtoy returns to the Gueydon family. The toy distributor born in 1952 belongs once more to its founders following an OBO carried out with three funds. Until now a 49% shareholder in King Cadeau – the Italian group PRG Retail Group held the balance – the family has increased its stake to around 70%.

To regain control of its business, the family called on three GPs: BNP Paribas Développement, Garibaldi Participations and Crédit Agricole Alpes Développement (C2AD). According to our information, the trio of financiers invests equally and takes around 20% of the capital. Added to this is senior debt provided by a banking pool.

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#Gueydon #family #hands #King #Cadeau

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